EX-11 3 exhibit1110-qcomputationof.htm EXHIBIT 11 Exhibit 11 10-Q Computation of Net income Per Share Q3 2014


Exhibit 11.
Metro Bancorp, Inc.
 
Computation of Net Income Per Common Share

 
For the Quarter Ended September 30, 2014
 
 
Income
 
Shares
 
Per Share
Amount
 
Basic Earnings Per Common Share:
 
 
 
 
 
 
Net income
$
5,501,000
 
 
 
 
 
 
Preferred stock dividends
(20,000
)
 
 
 
 
 
Income available to common stockholders
5,481,000
 
 
14,200,687

 
$
0.39

 
Effect of Dilutive Securities:
 
 
 
 
 
 
Stock options
 
 
241,791

 
 
 
Diluted Earnings Per Common Share:
 
 
 
 
 
 
Income available to common stockholders plus
  assumed conversions
$
5,481,000
 
 
14,442,478

 
$
0.38

 
For the Quarter Ended September 30, 2013
 
 
Income
 
Shares
 
Per Share
Amount
 
Basic Earnings Per Common Share:
 
 
 
 
 
 
Net income
$
4,676,000
 
 
 
 
 
 
Preferred stock dividends
(20,000
)
 
 
 
 
 
Income available to common stockholders
4,656,000
 
 
14,145,494

 
$
0.33

 
Effect of Dilutive Securities:
 
 
 
 
 
 
Stock options
 
 
189,816

 
 
 
Diluted Earnings Per Common Share:
 
 
 
 
 
 
Income available to common stockholders plus
  assumed conversions
$
4,656,000
 
 
14,335,310

 
$
0.32

 
For the Nine Months Ended September 30, 2014
 
 
Income
 
Shares
 
Per Share
Amount
 
Basic Earnings Per Common Share:
 
 
 
 
 
 
Net income
$
15,526,000
 
 
 
 
 
 
Preferred stock dividends
(60,000
)
 
 
 
 
 
Income available to common stockholders
15,466,000
 
 
14,181,798

 
$
1.09

 
Effect of Dilutive Securities:
 
 
 
 
 
 
Stock options
 
 
209,420

 
 
 
Diluted Earnings Per Common Share:
 
 
 
 
 
 
Income available to common stockholders plus
  assumed conversions
$
15,466,000
 
 
14,391,218

 
$
1.07

 
For the Nine Months Ended September 30, 2013
 
 
Income
 
Shares
 
Per Share
Amount
 
Basic Earnings Per Common Share:
 
 
 
 
 
 
Net income
$
12,369,000
 
 
 
 
 
 
Preferred stock dividends
(60,000
)
 
 
 
 
 
Income available to common stockholders
12,309,000
 
 
14,138,099

 
$
0.87

 
Effect of Dilutive Securities:
 
 
 
 
 
 
Stock options
 
 
123,882

 
 
 
Diluted Earnings Per Common Share:
 
 
 
 
 
 
Income available to common stockholders plus
  assumed conversions
$
12,309,000
 
 
14,261,981

 
$
0.86